Diamondback Energy (FANG) FY2024 results: revenue $11.1 billion, up 31.6% on the year
Diamondback Energy, Inc. (FANG) reported revenue of $11.1 billion for fiscal 2024, the year ended 31 December 2024, up 31.6% on the year before. Net income was $3.3 billion, up 6.2%, and diluted earnings per share $15.53. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$11.1 billion
+31.6% on the year
FY2017FY2024
Operating margin
39.7%
54.3% a year earlier
FY2017FY2024
Net income
$3.3 billion
+6.2% on the year
FY2017FY2024
Diluted EPS
$15.53
-10.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,413
5,920
6,325
+8.3%
Cash from investing
-11,221
-3,323
-3,330
Cash from financing
4,387
-2,176
-3,503
Depreciation and amortisation
2,850
1,746
1,344
+63.2%
Share-based compensation
65.0
54.0
55.0
+20.4%
Buybacks
959
840
1,098
+14.2%
Dividends paid
1,578
1,444
1,572
+9.3%
Dividend per share
$8.29
$7.99
$11.31
+3.8%
Diluted shares, weighted
214m
180m
177m
+18.6%
Shares outstanding at period end
291m
179m
180m
+62.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
37,736
16,625
15,009
+127.0%
Non-controlling interest
2,126
805
681
+164.1%
Debt
12,975
6,641
6,238
+95.4%
Other liabilities
14,455
4,930
4,281
+193.2%
Total liabilities and equity
67,292
29,001
26,209
+132.0%
Fixed assets
64,472
26,674
23,759
+141.7%
Cash and equivalents
161
582
157
-72.3%
Receivables
1,387
654
618
+112.1%
Inventory
116
63.0
67.0
+84.1%
Other assets
1,156
1,028
1,608
+12.5%
Total assets
67,292
29,001
26,209
+132.0%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.